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Making capital more accessible for mutual ADIs


The latest updates, news and changes in banking and financial services regulation in the Australia market

Making capital more accessible for mutual ADIs – APRA releases updated prudential standard for mutual equity interests

APRA has released final revisions to the capital framework for mutually-owned authorised deposit-taking institutions.

04 December 2017

The BEAR essentials: what you need to know about the Banking Executive Accountability Regime

The BEAR seeks to strengthen the responsibility and accountability framework of authorised deposit-taking institutions and gives new powers to APRA to investigate potential breaches.

15 November 2017

A boost for the mutuals sector - Hammond Report on Reforms for Cooperatives, Mutuals and Member-owned Firms

The Australian Government has supported all of the Hammond Review's recommendations, potentially enabling thee mutuals sector should find the process of raising capital simpler.

13 November 2017

Whistleblower reform: Important improvements to Australia’s private sector whistleblowing laws

The Commonwealth government has released draft legislation containing important reforms to Australia’s private sector whistleblower laws.

25 October 2017

Will ASIC get to turn up the heat on penalties?

The ASIC Enforcement Review position paper sets out proposals to strengthen penalties for misconduct in the corporate and financial sector.

25 October 2017

KWM submission to the Treasury Review into Open Banking in Australia

KWM's response to the Review into Open Banking in Australia’s Issues Paper under which consumers could request financial institutions to provide or share their data.

22 September 2017

Open Banking – a roadmap for what is to come

Roadmaps are useful when you get to a junction, where the path is unknown, and the choices are plenty – and in the world of data, there are...

11 August 2017

Bank Executive Accountability Regime: Consultation paper released

This article was written by Tim Bednall.On 13 July 2017, the Commonwealth Government released a consultation paper on the proposed “Bank Executive Accountability Regime” (BEAR) flagged by the...

07 August 2017

How to combat modern slavery and reduce your regulatory exposure

Amidst a growing global regulatory recognition that more needs to be done to combat modern forms of slavery and human trafficking, you should be aware of existing Australian...

01 August 2017

Changes to Australia’s financial services taxation regimes

The tax changes are aimed at reducing the uncertainty with the Investment Manager Regime (IMR) and the new tax system for attribution managed investment trusts (AMITs).

19 July 2017

Tabcorp penalty reveals AUSTRAC’s high expectations for money laundering risk assessments

Reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) should carefully assess whether their risk assessment and AML/CTF program meet regulatory expectations.

01 June 2017

Major Bank Levy bills released

The Major Bank Levy's purpose is ostensibly twofold: to contribute to “budget repair” and to level the playing field with smaller banks.

31 May 2017